NewsLo
  • Today’s Headlines
  • Featured
  • US
  • Politics
  • World
  • Media
  • Sports
  • Privacy Policy
Subscribe
NewsLo
NewsLo
  • Home
  • Business
    • Accounting
    • Advertising
    • Branding
    • Career
    • Customer Service
    • Cyber Security
    • Entrepreneur
    • Jobs
    • Management
    • Marketing
    • Non Profit
    • Search Engine Optimization
    • Sales
    • Web Design
  • Finance
    • Banking
    • Bankruptcy
    • Budgeting
    • Credit
    • Debt
    • Estate Wills & Trusts
    • Home Improvements
    • Law
    • Loans
    • Personal Finance
    • Taxes
    • Shopping
  • Investment
    • Crypto Currency
    • Gold & Silver
    • Hard Assets
    • Real Estate
    • Retirement
    • Stocks & Bonds
    • Trading
  • Real Estate
    • Buying
    • Selling
    • Commercial Construction
    • Construction Law
    • Home Improvement
    • Loans
    • Property Management
    • Real Estate Laws
    • Rental Property
  • Insurance
    • Auto Insurance
    • Commercial Real Estate Insurance
    • Crop Insurance
    • Dental Insurance
    • Disability Insurance
    • Health Insurance
    • Home Owners Insurance
    • Identity Theft Protection
    • Insurance Law
    • Investment Insurance
  • Contact Us
  • Today's Headlines
  • World

Obama Thinking About Lifting Sanctions Against Russian Ruble: “It’s Not Real Money, Anyway”

  • December 19, 2014
  • News Lo
Total
0
Shares
0
0
0

“Moscow, The Russian Federation – Falling at one stage by a whopping 20 percent to historic lows, the Russian ruble faced intense selling pressure Tuesday. The fall occurred despite a massive pre-dawn interest rate hike from the country’s central bank.

“Russian President Vladimir Putin, speaking at a Moscow event in early October, sounded cocky about the sanctions imposed on his country by Washington and its European allies.

“The penalties were “utter silliness that would only hurt Western businesses”, Putin stated.
“But now with oil prices plunging and the ruble collapsing, Russia’s economy is rapidly imploding and Putting seems to be the one feeling the pain.

“London-based Standard Bank’s Timothy Ash described the ruble’s fall as “the most incredible currency collapse I think I have ever seen in the 17 years in the market, and 26 years covering Russia.”

“Obama officials are stating that they’re “seeing a toxic cocktail for Putin and Putinism”. A senior administration official said: “the sanctions highlight the economic and geopolitical cost of the foreign policy choices that Putin has made. It has made clear that he is an unpredictable actor on the international stage, and markets react to that as much as governments do.”

“The President himself, on the other hand, remains cautious in his approach to the Russian leader; it can even be said that he feels sorry for him.

“Although the sanctions have finally brought forth the result they were supposed to, I fear that this might be a hollow victory. While I might not approve of Putin’s actions on the international scene, I certainly mean no harm to the innocent Russian people. That’s why the thought of lifting the sanctions against Russia has been sneaking up on me lately”, the President said exclusively to Newslo.

He added: “the fact to the matter is that we’ve never been on friendly terms with Russia; not in the past, certainly not now, and probably not in the future. But, America has also never been the bad guy, and I don’t plan on making her into one while she’s under my watch.”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • Obama
  • Putin
  • Putinism
  • russian ruble
Avatar of News Lo
News Lo

Welcome to Newslo! Our team of dedicated authors strives to deliver the latest and most important info on finance while infusing a dose of our own style to give you a unique experience. Whether you're looking for in-depth discussions on investments or solid finance tips, we have something for everyone. Our goal is to deliver you the best possible content. So, keep reading our articles and give us your feedback!

Previous Article
  • DC

Horrible Bosses 3: US Army Gets Abrams Tanks It Doesn’t Want, Yet Again

  • December 18, 2014
  • News Lo
View Post
Next Article
  • Entertainment

Hillary To Bill: “Keep Your Cigar In Your Pants”

  • December 20, 2014
  • News Lo
View Post
NewsLo
  • Today’s Headlines
  • Featured
  • US
  • Politics
  • World
  • Media
  • Sports
  • Privacy Policy
Navigating the world of finance, one step at a time.

Input your search keywords and press Enter.